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Lounge Coin ($LNGE)
Lounge your Lemur, Earn $LNGE.
$LNGE (Lounge Coin) is the utility and governance coin used within the LNGE ecosystem to empower a decentralized community building at the forefront of Aptos.
Lounge Coin serves several purposes:
Governance: Lounge Coin acts as the ecosystem's governance coin which allows Lounge Coin holders to participate in Lounge Coin DAO.
Access: Lounge Coin provides access to token-gated parts of the ecosystem that are unavailable otherwise, such as merch, events, services, and exclusive games.
Incentivization: Lounge Coin is a tool for third-party developers to participate in the ecosystem by incorporating LNGE into services, games, and other projects.
Spending Unification: Lounge Coin is the utility coin of The Lounge ecosystem, giving each LNGE holder a shared and open currency that can be used without centralized intermediaries.
The total supply of Lounge Coin is fixed permanently at 100 million coins. At the contract interface, no minting capability or burning capability is exposed so the total supply can never be increased nor decreased.
Following standard practices, a portion of the coins for contributors of the project will be locked initially. Locked coins will be unlocked over a 48 month period, in accordance with the predetermined unlock schedule below, starting on launch day, TBA.
Lounge Coin will be distributed among five main groups, as detailed below. Wallets holding coins allotted to the DAO treasury and resources can be viewed here(link soon).
Lemur Lounge holders and treasury/resources
2,000,000 $LNGE to Lemur Lounge Holders ~ ALL unlocked for claim at launch.
46,000,000 $LNGE to DAO treasury and resources ~ 9,750,000 unlocked at launch, then 755,208.33 unlocked per month for 48 months.
The company behind Lemur Lounge and continuing contributor ~ *7% worth of Aptos Creations holdings are being donated to the Lemur Conservation Foundation.
16,000,000 $LNGE to Aptos Creations ~ Initially locked for 12 months, then 444,444.44 unlocked per month for 36 months.
2,000,000 $LNGE or equal value donated to the Lemur Conservation Foundation ~ Initially locked for 12 months, then 55,555.55 unlocked per month for 36 months.
The people and companies that helped bring the possibilities of this project to life.
14,000,000 $LNGE to launch contributors ~ 1,000,000 $LNGE upfront, 2,500,000 $LNGE after 6 months, 2,500,000 $LNGE after 12 months, and 2,500,000 $LNGE after 18 months ~ Initially locked for 12 months, then 152,777.78 unlocked per month for 36 months.
Lemur Lounge holders who lounge their lemur to earn $LNGE daily.
16,000,000 $LNGE to the staking pool sustainable for at least 36 months at 100% staked ~ 1 Lemur Lounge digital collectable yields 3.7 $LNGE/day. Unlocked for claim each day.
The ones who put the Lounge in Lounge Coin, the team behind Aptos Creations and Lemur Lounge.
4,000,000 $LNGE to the team of Aptos Creations and Lemur Lounge ~ Initially locked for 12 months, then 111,111.11 unlocked per month for 36 months.